AutoBeta(AutoBeta.net)04/01 Report--

During the two sessions, the State Council will certainly deepen the reform of value-added tax, determine the policy of reducing the rate of value-added tax in China, and reduce the current tax rate of 16% in manufacturing and other industries to 13%. In response to the VAT rate reduction policy, many car companies have announced early price cuts, but today the VAT tax rate adjustment has been officially implemented, and Ford China imported cars have also announced that they will reduce the recommended retail prices of their models for sale from now on, with a maximum reduction of 34000 yuan.

Among them, the starting price of the new Mustang is reduced from 403800 yuan to 369800 yuan; the explorers' starting price is reduced from 422800 yuan to 412800 yuan; the starting price of Fmur150 is reduced from 523800 yuan to 510,800 yuan; the starting price of Ranger is reduced from 305,800 yuan to 299,800 yuan; and the starting price of Fox RS is reduced from 368,800 yuan to 358,800 yuan.

Ford brand imported cars sold 16131 vehicles in China in 2018, down 14.3 per cent from 2017. Of these, the Mustang remains the best-selling model, with total sales of nearly 3200 last year, while Ford's Fmur150 Raptor sold about 2500.

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